Broadly speaking, the industrial market in 2020 is likely to be bolstered by the upturn in the mining sector along with construction projects and generally increasing levels of market confidence.
Owner-occupiers currently underpin the market in the sub-$1 million bracket. We have seen a number of vacant land sales in the Northern Link industrial estate over the past 12 months, particularly within the 2000 to 4000 square metre land size bracket. It would appear that this is the land size the market is seeking to construct new small to mid-scale high clearance start-up workshops, allowing enough balance land available for expansion if required.
Source: Herron Todd White Month in Review February 2020
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